Member Info for Pearls

IBM net worth $217 Billion

CRTA net worth $30m

Just from that you can see there is a wall of business that CRTA can do with IBM - we must be just scratching the surface at the moment.

As per March's preliminary results, IBM accounts for 47% of CRTA's business [=$5.558m]. That was up from 2024's 37% figure.

And IBM's business with CRTA is now expanding further.

I guess this means it probably will account for another $2-3m of business over the year.

In turn this should mean Q2-4 now is likely to also be cash flow positive. If so, these shares will need to rerate at a rate of knots.

Really excellent news.

Clearly the 'bots' like the news! Seems to be loads of automatic trades going through???

Https://lnkd.in/e9Etj4NJ

Absolutely hopeless

Absolutely predictable

Without hope, completely without skill at a particular activity, despondent, despairing, the position of a THG shareholder.

Well, I hardly needed to be a rocket scientist to predict this.

The rally following the recent update is well and truly over with exactly as predicted , now we're all back to the normal trading in this stock which should mean within the next few weeks it drops below 30p again.

Absolutely pathetic

Absolutely mispriced

Absolutely unsupported by the wider market

Absolutely moaned about by everyone on here.

Absolutely no sign of any predator buying a stake because of the way the shares are now owned.

Absolutely no sign of a dividend.

Absolutely no point owning the share anymore.

To put it mildly, I am fed up to the back teeth with this share.

The shares are currently 17p. If they were instead £1.70 I don't think any of us would be complaining about the issuance of options. But it seems a bit rich to keep on issuing them as the price stays at such record lows....

On the other hand, one could be charitable and say this is the bottom right now of the shares, as the recent RNS indicates the Company expects much better times ahead and has gone through a tough period up to now. Share option incentives then are perhaps in order to keep current senior management incentivised but I do agree with you jgjam: in particular: the market tends to price six months ahead, yet here we are at record lows - i.e. there's no visibility to stock market watchers. As a result, the share price is in the gutter inferring the company's Q1 results are not deemed to be repeatable by the market. Something critically needs to change here - either a big win from a new connection, or a massive widening of a current relationship.

My own bet is on a massive widening of a current relationship leading to a big increase in turnover and then I suppose, an offer.

I cannot see this company staying independent for that long once it becomes properly cash flow positive each quarter especially if the share price fails to move up a few gears.

Hastings, I don't know. I have not been before but this is really beginning to grind with me.

Why on earth can't Directors buy in with their own money like in other companies?

Why are these share options given out so regularly? A simple look at the RNSs shows that share options etc were awarded previously on 4th February 2026, 12th September 2025, 13th August 2025, 29th April 2025, and 20th January 2025. I cannot be the only shareholder who thinks this is a bit excessive for such a small company?

I have a six figure holding here and I want it to rise as much as anyone else, but whenever good news arises, the shares struggle to go higher at all and a few days later seem to go routinely into reverse. It really is a cursed share.

As expected!

I believe it is commonly accepted in the market that giving out share options that are not performance related is bad practice.

Time to raise this at the AGM next month!

There are a lot of sheep in New Zealand and I understand they are all heavily into AI - it's a bit of a herd mentality over there.

Slow recovery back to 50p by then, presumably

Be fair FrDickByrne! Everyone's local barbers are Turkish nowadays, and they do not make any tax declarations to the HMRC! Cash only....

These Turkish barbers are a scourge on the high street and make no contribution to everyday life. They should pay tax like everyone else. Do any of them give [tax] receipts when you get a cut?

If they’re still not buying at this very low level, you have to wonder why!!!???

And after issuing such strong Q1 results?

Directors, you seem to be missing in action!

It would now be IDEAL for Directors to buy shares here

It seems a wall of buyers is meeting a wall of negative commentators this morning!

They looked like great results to me and the 40% figure was especially impressive.

Cannot be understated here, especially following the October 2024 RNS: Amendment of OEM sales partnership with IBM.

We all know that IBM is becoming increasingly important to CRTA, but of course after that RNS, we also know that each new deal struck with IBM is a new commercial deal, adding to the bottom line. This makes a big big difference to things.

Showing the Company is now cash flow positive for the first time in years, and is to be issued this week.

Lumbert, fair comments. You have to admit one thing is especially odd: SK has publicly said and repeated that he is proud how much information is disclosed to investors and how they issue their quarterly updates. Yet confusion reigns on here despite us all following these updates. What I have begun to realise [some time ago admittedly] is how little these updates actually tell us. In fact they tend to be very carefully worded but provide far less information than investors on here want, never mind the wider investing public.

How can we not know the current funding requirements of the business?

And take for example the widely heralded Symphony product. What does it actually mean for earnings? How relevant is it as a part of the operations? How many Symphony deals are being done? Absolutely no idea but you get the point.

Similarly, how does LDM contribute? No idea. etc etc

How's it going with Databricks or the Azure Storage Migration Progamme? No idea.

We're just the shareholders, but we are in the dark.

Some light would be nice.